Equinix Inc Stock Price, News & Analysis

Equinix has completed its acquisition of MainOne for US$320 million, marking a strategic entry into the African market. This acquisition enhances Equinix's goal of becoming a leading carrier-neutral digital infrastructure provider in Africa, particularly in Nigeria, Ghana, and Côte d'Ivoire. MainOne adds four data centers and a 7,000-kilometer submarine network to Equinix's resources, projected to generate approximately US$60 million in annual revenue. The integration aims to facilitate digital transformation across the continent.

Equinix, Inc. (NASDAQ: EQIX) will hold its quarterly conference call on April 27, 2022, at 5:30 p.m. EST to discuss first quarter results for the period ending March 31, 2022. The conference call can be accessed by dialing 1-517-308-9482 and using the passcode EQIX. A live webcast will be available on the company's website under Investor Relations. A replay can be accessed after the call until July 27, 2022 through 866-357-4208. The company's digital infrastructure solutions empower businesses to interconnect and scale effectively.

Equinix (Nasdaq: EQIX) announced its planned expansion into Chile and Peru through the acquisition of four data centers from Entel for approximately US$705 million. The deal, expected to close in Q2 2022, will be immediately accretive to Equinix's adjusted funds from operations (AFFO) per share. The acquisition targets Chile's burgeoning tech market, with anticipated enterprise edge spending in Latin America reaching US$8.573 billion by 2024. With this expansion, Equinix will solidify its position as a top provider of digital infrastructure services in the region.

Equinix (Nasdaq: EQIX) announced its participation in three key investor conferences. The Citi 2022 Global Property Conference will be held on March 7, with CEO Charles Meyers presenting at 2:00 p.m. EST. The Morgan Stanley Technology, Media & Telecom Conference follows on March 8, featuring CFO Keith Taylor at 6:00 p.m. EST. Lastly, the Deutsche Bank Media, Internet & Telecom Conference is scheduled for March 15, where Chief Accounting Officer Simon Miller will present at 2:05 p.m. EST.

Equinix (Nasdaq: EQIX) has appointed Nicole Collins as Chief Transformation Officer (CTrO), reporting to CEO Charles Meyers. Collins, joining from the position of Vice President, will spearhead transformation initiatives aimed at enhancing innovation, customer focus, and operational efficiency. Her experience includes key leadership roles at VMware and Dell, where she focused on sales and operational transformation. This strategic move is expected to support Equinix's growth and solidify its market leadership in digital infrastructure.

Equinix, Inc. (Nasdaq: EQIX) announced a quarterly cash dividend of $3.10 per share on February 16, 2022. The dividend will be paid on March 23, 2022 to shareholders on record as of March 7, 2022. This move reflects Equinix's commitment to returning value to shareholders while enabling digital leaders to leverage their infrastructure for business success.

Equinix reported a remarkable 11% increase in annual revenues for 2021, totaling $6.636 billion. The fourth quarter marked the 76th consecutive quarter of revenue growth, with record channel bookings representing 40% of total bookings. Significant expansion into Africa was announced with the acquisition of MainOne. Adjusted EBITDA reached $3.144 billion, reflecting a robust 47% margin, while net income increased by 35% to $500 million. For 2022, the company projects revenues between $7.202 - $7.252 billion, indicating continued growth potential.